The cryptocurrency market is one of the most volatile markets in the world. It is very common for cryptocurrencies to fall or rise 10-20 percent in a day. Sometimes, cryptocurrency with billions of dollar market cap jumps or fall 20-30 percent in a day after some bullish or bearish news. Due to low liquidity in smaller market cap cryptocurrencies, the impact on their prices is much more significant. Currently, there is a major macro factor playing out i.e The War between Russia and Ukraine and it is creating huge volatility in crypto markets, and cryptocurrencies prices are going up and down very quickly with every important news. This article will cover how this War has impacted Cryptocurrency markets. ⚡️BREAKING: Russia's President Vladimir Putin announced that Russia will conduct "a special military operation" to "demilitarize" Ukraine, de facto declaring a war on Ukraine. — The Kyiv Independent (@KyivIndependent) February 24, 2022 On Thursday morning, when Russian President Vladimir Putin announced on television a ‘special military operation’ to complete Ukraine’s ‘demilitarisation.’ Bitcoin, the world’s most popular cryptocurrency, plummeted almost 8% to $34,932.07 while Ethereum, the second-largest cryptocurrency by market capitalization, lost nearly 10% of its value, falling to $2,376.19. It’s not just the cryptocurrency markets that fell. Stock Markets also took a fall. The Dow Jones Industrial Average fell 1.38 percen...
